Here, Great American Credit Repair is revealing the real facts of Credit Repair in Miami to help you make the best credit decisions.Residents in Miami struggle to recover from financial setbacks due to a mix of accurate and inaccurate information. People often struggle to decide between what to do and what to avoid during the credit repair process. To help release your anxiety, at Great American Credit Repair, we’re committed to transparency in revealing the real facts about the credit repair process to you.
Myth 1: Credit Repair Company will fix your credit instantly
You need to know that there is no fixed timeline to fix a credit report according to the law. It is not possible to erase negative items from your credit report overnight. No legitimate company can do it. No legitimate company will make such a fake promise. The reality is That Credit repair is quite a time-consuming process, as it disputes inaccuracies in your credit report by following legal policies. So, steer clear of the fake promises.
Myth 2: Repairing Credit After Bankruptcy is Impossible
Once you are bankrupt, you will indeed have to deal with the negative impacts on your credit score. But this is not true that repairing your credit after bankruptcy is impossible. The consequences of the procedure may be time-consuming, but they will be fruitful. Miami residents simply need to have proper planning and, if necessary, professional help to rebuild their credit.
Myth 3: Credit Repair Company will Erase All of the Negative Items
Some negative items, such as late payments or bankruptcy, are not removable from credit reports. Even late payments and bankruptcy issues typically remain on a credit report for 7 years and 10 years, respectively. Though these are not erasable, the effects can fade away gradually with time, if you build a good credit habit. Therefore, it is not possible for credit repair companies to erase all negative items.
Myth 4: Closing old accounts removes negative items without any hessel.
Some people believe that to get rid of adverse reports, they need to close old accounts. However, this would be a significant mistake. Your credit will earn more negative marks for this action. Therefore, it’s best to keep old accounts open, dispute inaccuracies, and improve your credit through legal procedures.
Myth 5: Disputing inaccuracies lower credit score.
This can be one of the most harmful myths for a person. If you don’t dispute inaccuracies, your credit score will be decreased day by day. Also, it will negatively impact your reputation with credit. So, dispute inaccuracies as soon as possible from your credit just after identifying them.
Myth 6: Hiring a Credit Repair Company requires a large amount of money
It is too good if you can fix your credit by yourself. But for this, you need to have a vast knowledge in all the steps of the credit repair process. Also you need to sacrifice your personal time. But professionals are experts and they have legal knowledge to handle complex disputes faster. If you hire a proper legal company, they will not even ask you to pay before service. Legal companies always ask the minimum amount based on your requirements.
The Way Great American Credit Repair can Help Miami Residents-
- We offer personalized and custom credit repair plans tailored to Miami’s financial landscape.
- Our experts dispute incorrect information legally.
- We provide ongoing credit coaching to help clients build lasting financial health.